KUALA LUMPUR – The Malaysian Anti-Corruption Commission (MACC) has arrested three individuals, including two company directors, over allegations of submitting documents containing false particulars in an attempt to obtain approximately RM20 million in financing for the purchase of paddy and rice.
According to an reliable source, the suspects are linked to a company involved in the production and processing of paddy and rice, and are believed to have submitted the documents to a development financial institution under the Trade Working Capital Financing-I (Trade Working Capital Financing) facility.
One of the suspects, a man in his 30s who serves as the company's operations manager, was remanded for five days until July 11 after Magistrate Eliana Ismail granted MACC's application at the Alor Setar Civil Court this morning.
The source said the suspect was arrested at about 6pm yesterday when he turned up to provide his statement at the MACC office in Alor Setar.
"Preliminary investigations found that the three suspects, who are members of the same family, are believed to have conspired to commit the offence in 2025," the source said.
The source added that the two remaining suspects, both men in their 60s and company directors, were released on MACC bail after their statements were recorded.
Investigators believe the suspects submitted the allegedly false documents to secure the financing facility, although no actual transaction involving the purchase of paddy and rice ultimately took place.
When contacted, MACC Senior Director of Investigation Datuk Mohd Hafaz Nazar confirmed the arrests.
He said the case is being investigated under Section 18 of the MACC Act 2009, which relates to the submission of claims or documents containing false particulars with intent to deceive. - July 7, 2026
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